When I need some motivation to continue our debt journey I tend to look back at old statements from CITI. I am amazed to see how large our balance was and what we used to pay in interest. Below is a statement from Dec 2006. The rate at that time was 14.240% and the balace was close to $15,000! The finance charge for that month was $182.09 all in one card!
Check out the minumum amount due, that's more than my highest electricty bill! There's still $6200 to go, I can’t wait to see this card with a zero balance.
I hope everyone is havinga good weekend.
HS
5 comments:
This is a good way to stay motivated! Thanks for the reminder.
I was never unfortunate enough to have so high a balance, however, I finally closed my account with Citi a few months ago, and they ended up owing me a little over $20. You'll get it down, eventually!
I'm glad you're staying motivated to pay off the debt.
Thanks for the motivation. My balance with them is double that right now, but split in 2 cards..I believe l will join you. We are trying to whittle down our balances! Big and daunting, but if you can, so can we!
yeah a great way to stay motivated
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